Kansas Statutes

§ 40-503 — Seal; bylaws

Kansas § 40-503

JurisdictionKansas

Ch. 40INSURANCE

Art. 5MUTUAL LIFE INSURANCE COMPANIES

This text of Kansas § 40-503 (Seal; bylaws) is published on Counsel Stack Legal Research, covering Kansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Kan. Stat. Ann. § 40-503 (2026).

Text

The board of directors of any mutual life insurance company shall have power to adopt a seal and make such bylaws and amendments thereto, not inconsistent with the constitution and laws of this state, as may be deemed necessary for the regulation and management of its affairs.

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Legislative History

L. 1927, ch. 231, 40-503; June 1.

Nearby Sections

15

§ 40-1001

Mutual company for insurance against fire, lightning, tornado, hail or explosion; exceptions; extended coverage endorsements; limitations

§ 40-1001a

Authority to insure glass breakage, vandalism and theft in addition to coverage under K.S.A. 40-1001; reserve fund and security deposit; requirements

§ 40-1002

Classification of insurable property

§ 40-1003

No policy issued until required application, premium notes and securities received

§ 40-1004

Directors; election; vacancy

§ 40-1005

Annual meeting of members; proxies

§ 40-1006

Officers; election; term

§ 40-1007

§ 40-1008

Liability for losses; assessments; indebtedness

§ 40-1009

Recovery of assessments or on notes; cash policies not assessable

§ 40-101

§ 40-1010

Suits for collection of assessments; liability of officers and directors; suits against company for losses

§ 40-1011

Property to be assessed and taxed

§ 40-1012

§ 40-1013

Classification of risks

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Bluebook (online)

Kansas § 40-503, Counsel Stack Legal Research, https://law.counselstack.com/statute/ks/40-503.